Phân tích tư tưởng của nhân dân qua đoạn thơ: Những người vợ nhớ chồng… Những cuộc đời đã hóa sông núi ta trong Đất nước của Nguyễn Khoa Điềm
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This paper studies portfolio strategies that invest in equity mutual funds, incorporating
predictability in (i) manager selectivity and benchmark timing skills, (ii) fund risk loadings,
and (iii) benchmark returns. Ultimately, we provide new evidence on the promise of equity
mutual funds by assessing both the ex ante investment opportunity set and the ex post out-
of-sample performance delivered by predictability-based strategies. Our framework for
forming investment strategies builds on methodologies developed by Avramov (2004) and
Avramov and Chordia (2005b). We do bring several methodological contributions,
however, especially in modeling manager skills. ...
Nội dung trích xuất từ tài liệu:
GHANA POVERTY REDUCTION PROJECT/ SOCIAL INVESTMENT FUND
